nora r
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Most kids live in "the moment". Heck, most adults do too. Your idea of investing is a great idea. As an adult who is only just now realizing how good it is to invest, I commend you. You will be very glad in the future that you didn't spend you money on things just for instant gratification. Good luck, and keep saving^_^. |
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inbigtrouble
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probably not millions but it could turn in to a lot oif money down th road if you dont touch it until you retire. get a Roth 401K. Kids dont inverst there money because one, they dont have that much. secondly they want toys not a couple bucks interest in a month or two. |
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Ryan
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Good for you! That's fantastic.
Teens don't invest because their parents haven't taught them about investing and probably don't invest themselves. |
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bananasandwich15
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im interested in stocks too but i don't have any money to invest
if you can afford a financial adviser and to lose your money more power too ya
im making sure that my money is secure i have college to think about i can't be risky right now....
now is a good time to invest because of a recession scare but if you can't do it you can't do it |
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stampy
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It is because either their parents or schools have not taught them about investing. If you didnt talk to a financial advisor would you have known to invest. Jim Cram host of Mad Money does a great job of teaching kids to invest. Also check out
www.TheMapleInvestor.com it also teaches about investing money into the stock market |
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monique
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i think that teens dont invest their money because there are too many things in this world that they think are important to have. they always have to have the "in" stuff and that costs money.they think that if they have the most expensive stuff that they are so popular. so they waste their money on different things. |
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farfel
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why don't teens invest their money?
because our government (who is FIRST at fault, btw...), our schools, our society, our businesses haven't taught them to, and doesn't encourage them to.
our government sends precisely the opposite signals when they legislate things like lotteries and casino gambling into existence, and tax your bank savings accounts. what more disincentive do you need when you can play and gamble your way to instant riches, and at the back end government takes their cut when you *are* thrifty?
sometime in the past, perhaps up to and including World War 2, high schools used to teach good consumerism and household budget management. they don't anymore.
and society, if not also corporations, encourages conspicuous consumption. i ride the subway (i live in NYC) every day and i see teens wearing the latest Roca Wear, or Fubu, or State Property, whatever, and it amazes me that we have brainwashed them into thinking that their clothes are worth more than the cost of it invested instead in gold or anything else that doesn't depreciate in value. no one realizes that as soon as you wear something out the store it becomes next to worthless, but an ounce piece of gold is still worth $950... |
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Barbara L
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Smart teens DO invest their money, but they need education to do so. Longterm, investments can make a big difference in your financial independence. $2000 is a good place to start. Look around for a good no-load mutual fund. Read the prospectus carefully and call a representative with any questions you might have. If possible, find an adult who does his own investing and learn from them. Consider getting information on-line from a reputable source or from a library. Good Luck |
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t b
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most are given money by there parents and dont know the value of a dollar and how to make 1 dollar into 2 and so on and so forth. i started investing when i was 12 with a custodial account very easy to set up with the help of your parents. Dont listen to any brokers they will make you "broker" |
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Paul A
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because teens like me want stuff NOW. we're not that patient and we don't really worry about the future, when the furture comes thats when we'll worry about it.
(for me anyways) |
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